Engineers/contractors

[EconProf]

Rustico, my point was that many sellers delude themselves into thinking their property is worth more than the market says because they “improved” it in some half-assed way. To bring them down to earth, they should discover on their own what remediation involves.
You are quite right that there could be opportunity in such cases. Especially if buyers have spurned properties with these handicaps and they are priced accordingly.

[NotCranky]

Econoprof Yep,nudge them along to workable pricing if possible and/or let them keep it until it’s ripe.Market time is going to be a big help :).

I think you have a good attitude about it Mike. The part about picking up valuable information for this one… or perhaps the next. Calculating how much to put into the feasibilty study still poses a bit of a dilema. You probably have good instincts that will help you there. It is a great time, for those of us that are so inclined, to be improving on what we know toward this style of enterprise.

[NotCranky]

Econoprof Yep,nudge them along to workable pricing if possible and/or let them keep it until it’s ripe.Market time is going to be a big help :).

I think you have a good attitude about it Mike. The part about picking up valuable information for this one… or perhaps the next. Calculating how much to put into the feasibilty study still poses a bit of a dilema. You probably have good instincts that will help you there. It is a great time, for those of us that are so inclined, to be improving on what we know toward this style of enterprise.

[NotCranky]

Econoprof Yep,nudge them along to workable pricing if possible and/or let them keep it until it’s ripe.Market time is going to be a big help :).

I think you have a good attitude about it Mike. The part about picking up valuable information for this one… or perhaps the next. Calculating how much to put into the feasibilty study still poses a bit of a dilema. You probably have good instincts that will help you there. It is a great time, for those of us that are so inclined, to be improving on what we know toward this style of enterprise.

[NotCranky]

Econoprof Yep,nudge them along to workable pricing if possible and/or let them keep it until it’s ripe.Market time is going to be a big help :).

I think you have a good attitude about it Mike. The part about picking up valuable information for this one… or perhaps the next. Calculating how much to put into the feasibilty study still poses a bit of a dilema. You probably have good instincts that will help you there. It is a great time, for those of us that are so inclined, to be improving on what we know toward this style of enterprise.

[NotCranky]

Econoprof Yep,nudge them along to workable pricing if possible and/or let them keep it until it’s ripe.Market time is going to be a big help :).

I think you have a good attitude about it Mike. The part about picking up valuable information for this one… or perhaps the next. Calculating how much to put into the feasibilty study still poses a bit of a dilema. You probably have good instincts that will help you there. It is a great time, for those of us that are so inclined, to be improving on what we know toward this style of enterprise.

[mike92104]

[quote=EconProf]Rustico, my point was that many sellers delude themselves into thinking their property is worth more than the market says because they “improved” it in some half-assed way. To bring them down to earth, they should discover on their own what remediation involves.
You are quite right that there could be opportunity in such cases. Especially if buyers have spurned properties with these handicaps and they are priced accordingly.[/quote]

I am with you 100%. The price is about 50k less than anything else in that area, so it’s worth a look. As far as haggling, it’s a REO, so I doubt the bank will. The price may come now again though, and then I will be that much farther along in the process.

[mike92104]

[quote=EconProf]Rustico, my point was that many sellers delude themselves into thinking their property is worth more than the market says because they “improved” it in some half-assed way. To bring them down to earth, they should discover on their own what remediation involves.
You are quite right that there could be opportunity in such cases. Especially if buyers have spurned properties with these handicaps and they are priced accordingly.[/quote]

I am with you 100%. The price is about 50k less than anything else in that area, so it’s worth a look. As far as haggling, it’s a REO, so I doubt the bank will. The price may come now again though, and then I will be that much farther along in the process.

[mike92104]

[quote=EconProf]Rustico, my point was that many sellers delude themselves into thinking their property is worth more than the market says because they “improved” it in some half-assed way. To bring them down to earth, they should discover on their own what remediation involves.
You are quite right that there could be opportunity in such cases. Especially if buyers have spurned properties with these handicaps and they are priced accordingly.[/quote]

I am with you 100%. The price is about 50k less than anything else in that area, so it’s worth a look. As far as haggling, it’s a REO, so I doubt the bank will. The price may come now again though, and then I will be that much farther along in the process.

[mike92104]

[quote=EconProf]Rustico, my point was that many sellers delude themselves into thinking their property is worth more than the market says because they “improved” it in some half-assed way. To bring them down to earth, they should discover on their own what remediation involves.
You are quite right that there could be opportunity in such cases. Especially if buyers have spurned properties with these handicaps and they are priced accordingly.[/quote]

I am with you 100%. The price is about 50k less than anything else in that area, so it’s worth a look. As far as haggling, it’s a REO, so I doubt the bank will. The price may come now again though, and then I will be that much farther along in the process.

[mike92104]

[quote=EconProf]Rustico, my point was that many sellers delude themselves into thinking their property is worth more than the market says because they “improved” it in some half-assed way. To bring them down to earth, they should discover on their own what remediation involves.
You are quite right that there could be opportunity in such cases. Especially if buyers have spurned properties with these handicaps and they are priced accordingly.[/quote]

I am with you 100%. The price is about 50k less than anything else in that area, so it’s worth a look. As far as haggling, it’s a REO, so I doubt the bank will. The price may come now again though, and then I will be that much farther along in the process.

[mike92104]

[quote=Rustico]Econoprof Yep,nudge them along to workable pricing if possible and/or let them keep it until it’s ripe.Market time is going to be a big help :).

I think you have a good attitude about it Mike. The part about picking up valuable information for this one… or perhaps the next. Calculating how much to put into the feasibilty study still poses a bit of a dilema. You probably have good instincts that will help you there. It is a great time, for those of us that are so inclined, to be improving on what we know toward this style of enterprise.

[/quote]

Yup. I will stick to the cheaper research first, and if that looks ok, I will proceed. Just about everything I have ever really enjoyed, and have kept for long periods of time have always needed a little work, but for some reason jumped out at me. I think I enjoy the challenges of learning new things under the gun, and I usually come out ahead a bit (never as much as I think I’m going to, but that’s life) Thanks for ll the help to everyone who has replied! This will keep me busy for a while.

On a side note, I know you, Rustico and SDrealtor are part time real estate agents (I think) and I was wondering who’s wall you hang your licenses on?I’m just a little curious about getting in to it as well, but I don’t want to change careers.

[mike92104]

[quote=Rustico]Econoprof Yep,nudge them along to workable pricing if possible and/or let them keep it until it’s ripe.Market time is going to be a big help :).

I think you have a good attitude about it Mike. The part about picking up valuable information for this one… or perhaps the next. Calculating how much to put into the feasibilty study still poses a bit of a dilema. You probably have good instincts that will help you there. It is a great time, for those of us that are so inclined, to be improving on what we know toward this style of enterprise.

[/quote]

Yup. I will stick to the cheaper research first, and if that looks ok, I will proceed. Just about everything I have ever really enjoyed, and have kept for long periods of time have always needed a little work, but for some reason jumped out at me. I think I enjoy the challenges of learning new things under the gun, and I usually come out ahead a bit (never as much as I think I’m going to, but that’s life) Thanks for ll the help to everyone who has replied! This will keep me busy for a while.

On a side note, I know you, Rustico and SDrealtor are part time real estate agents (I think) and I was wondering who’s wall you hang your licenses on?I’m just a little curious about getting in to it as well, but I don’t want to change careers.

[mike92104]

[quote=Rustico]Econoprof Yep,nudge them along to workable pricing if possible and/or let them keep it until it’s ripe.Market time is going to be a big help :).

I think you have a good attitude about it Mike. The part about picking up valuable information for this one… or perhaps the next. Calculating how much to put into the feasibilty study still poses a bit of a dilema. You probably have good instincts that will help you there. It is a great time, for those of us that are so inclined, to be improving on what we know toward this style of enterprise.

[/quote]

Yup. I will stick to the cheaper research first, and if that looks ok, I will proceed. Just about everything I have ever really enjoyed, and have kept for long periods of time have always needed a little work, but for some reason jumped out at me. I think I enjoy the challenges of learning new things under the gun, and I usually come out ahead a bit (never as much as I think I’m going to, but that’s life) Thanks for ll the help to everyone who has replied! This will keep me busy for a while.

On a side note, I know you, Rustico and SDrealtor are part time real estate agents (I think) and I was wondering who’s wall you hang your licenses on?I’m just a little curious about getting in to it as well, but I don’t want to change careers.

[mike92104]

[quote=Rustico]Econoprof Yep,nudge them along to workable pricing if possible and/or let them keep it until it’s ripe.Market time is going to be a big help :).

I think you have a good attitude about it Mike. The part about picking up valuable information for this one… or perhaps the next. Calculating how much to put into the feasibilty study still poses a bit of a dilema. You probably have good instincts that will help you there. It is a great time, for those of us that are so inclined, to be improving on what we know toward this style of enterprise.

[/quote]

Yup. I will stick to the cheaper research first, and if that looks ok, I will proceed. Just about everything I have ever really enjoyed, and have kept for long periods of time have always needed a little work, but for some reason jumped out at me. I think I enjoy the challenges of learning new things under the gun, and I usually come out ahead a bit (never as much as I think I’m going to, but that’s life) Thanks for ll the help to everyone who has replied! This will keep me busy for a while.

On a side note, I know you, Rustico and SDrealtor are part time real estate agents (I think) and I was wondering who’s wall you hang your licenses on?I’m just a little curious about getting in to it as well, but I don’t want to change careers.

[Author]

Posts